Edible Oils
Edible oils may be solid or liquid at room temperature. Edible oils are defined by the Government of Ontario, Canada as "a food substance, other than a dairy product, of whatever origin, source or composition that is manufactured for human consumption wholly or in part from a fat or oil other than that of milk."
NON-EDIBLE OILS
The word Non edible oil means oil which cannot use for edible purpose.Non-edible oils are not suitable for human food because of the presence of some toxic components. Non edible oils are mainly wastage & By-Products of Edible/ Cooking oil & Refinery Industry and oils of some non edible species seeds.
Palm Oil is an edible Oil which is extracted from the pulp of fruit of Oil palms. The colour of pulp is red. That is why Crude Palm Oil is naturally similar to pulp colour because of high inactive vitamin A content.
Main usage of Crude Palm Oil is for cooking purposes and is largely used in South-East Asia, West Africa and some parts of Brazil. Largest producer of Crude Palm Oil is Indonesia, Malaysia, Nigeria and Columbia. They are major exporters of Palm Oil.
The largest derivatives market for Crude Palm Oil is Bursa Malaysian Derivatives. It's also traded heavily on MCX and NCDEX in India wherein delivery centre is Mumbai. Its prices are affected mainly by demand and supply,
domestic demand, import policy and traff changes.
Soybean contains only a moderate amount of oil has attained a greater importance as an oilseed in the recent years on account of its easy adaptability and resilience for cultivation in a wide variety of climatic conditions as well as its capability to give high yields compared to any other oilseed.
Soybean has become the largest producing oilseed, contributing for nearly 60% of total world oilseeds production. Soybean is reported to be originated from China. Although, Soybean is a native of South Asia, majority of the world's Soybean has been cultivated in the United States as well as in South American countries. In India, Soybean cultivation has picked up momentum during the past 15 years.
Chicago Board of Trading (CBOT) is the largest Soy futures market. In India Soy futures are traded in three forms seed, oil and meal. Major exchanges that offer futures trading in Soy complex include NBOT, NCDEX, MCX and NMCE.
Its price are affected by carryover stocks, expected demand, crop acreage, import and export, government policies and procurement.
In the 1970’s, Canola was created through traditional plant cross-breeding by removing two things found in the rapeseed plant: glucosinolates and erucic acid. Erucic acid was removed because it was believed to be inedible or toxic in high doses. The newly developed plant was renamed "Canola" – a combination of "Canadian" and "Oil" (or ola) to make this difference apparent. If a seed is labelled "Canola" it has to have less than 30 micromoles of glucosinolates and less than 2% of erucic acid.
Following extraction, Canola Oil must be de-gummed to removeunappealing solids that settle during storage. The process involves heat and sometimes the addition of acids. The oil is then bleached and separated. Finally, the oil must be deodorized through heating methods.
Sunflower (Helianthus annuus L.) is one of the most important edible oilseed crops grown in the world. It is popularly known as “Surajmukhi.” The name “Helianthus” is derived from ‘Helios’ meaning ‘sun’ and ‘anthos’ meaning ‘flower’. It’s importance increases as sunflower oil is considered as a heart friendly oil. Sunflower is native of North America but commercialization of the plant took place in Russia. It was only recently that the sunflower plant returned to North America to become a cultivated crop. Sunflower as an oilseed crop was introduced into India in 1969. The major Sunflower producing countries are Russia, Ukraine, Argentina, China, Romania, France, India, Hungary, USA and Spain.
Sunflower Seeds contain up to 42% of oil by weight. Oil is light and supplies more Vitamin E than any other vegetable oil. It is a combination of monounsaturated and polyunsaturated fats with low saturated fat levels.
Its price are affected by carryover stocks, expected demand, crop acreage, import and export, government policies and procurement.
Rice bran oil is the oil extracted from the hard outer brown layer ofrice after chaff (rice husk). It is popular as acooking oil in several Asian countries, including Bangladesh, Japan, India, and China
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